WAEC Accounting 2016 Objective — Question 29
Question 29 of 50 from the West African Examinations Council (WAEC) Accounting 2016 Objective paper, with the correct answer and a full explanation.
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29. The concept which states that the affairs of a business is to be treated as being separated from the private activities of the owner is A. realization concept B. business entity concept C. cost concept D. dual aspect concept
- A. realization concept
- B. business entity conceptCorrect
- C. cost concept
- D. dual aspect concept
Explanation
Business entity concept states that the business is an artificial entity separate from the owner.
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